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Amaya and GVC Team for €1.5 Billion Bid to Take Over bwin.party

Amaya Gaming, the parent company of both PokerStars and Full Tilt Poker, have reportedly joined forces with GVC Holdings to make a push for bwin.party, the parent company of partypoker and the World Poker Tour (WPT).

Amaya opened negotiations with bwin.party late last year, but have joined with GVC to help compete with a cash-and-paper offer 888 Holding Public Limited made to online giant. 888 confirmed they had submitted a takeover proposal.

"The Board of 888 (the 'Board') has noted the recent press speculation concerning a possible offer for bwin.